Luxury resort planned for Miura Peninsula in 2024
On May 12, Keikyu Corporation announced its area management plans for the Miura Peninsula in Kanagawa Prefecture. This includes a luxury resort for Jogashima Island.
Tokyo Department Store and Bunkamura to be redeveloped
Tokyu’s main department store and adjoining Bunkamura hall facility in Shibuya will be demolished in 2023 to make way for a new development.
Daikanyama has highest apartment resale value in 2020
Apartments around Daikanyama Station in central Tokyo had the best resale value in the greater Tokyo region in 2020, according to a report by Tokyo Kantei.
Tokyo apartment sales up 110.4% in April
According to REINS, a total of 3,428 second-hand apartments were reported to have sold across greater Tokyo in April, up 110.4% from last year. This time last year the Tokyo area was under the first state of emergency issued since the start of the pandemic. Companies sent workers home, and real estate developers and brokerages temporarily closed offices for April and May. The 3rd state of emergency started on April 25, 2021, but it is business as usual this time around for the majority of real estate agencies.
Quick real estate news summary for the week
Tokyo’s foreign resident population continues to fall, apartment rents remain stable, and a hot spring ryokan sells for 2.75 billion Yen. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Historic bank sells for 1.7 million Yen
Nanto City in Toyama Prefecture will be selling the 97-year old Inami Museum to a Tokyo-based real estate company for the grand total of 1,779,000 Yen (approx. US$16,000).
Curious how a view of Tokyo Tower affects apartment prices?
It should come as no surprise that an apartment with views towards Tokyo Tower comes with a higher price. Although it no longer functions as a television transmission tower (those duties ended in 2018), it is perhaps the most admired landmark in Tokyo.